Enhanced AI-driven risk-engine for world’s first open-banking credit-builder debit card

BuildMyCreditScore是一种借记卡，它可以与你的银行合作，通过日常消费来建立你的信用评分，这是世界上第一个将开放银行和超短期信贷（24-48小时）结合起来建立信用的借记卡。我们利用开放银行技术使我们的借记卡和现有的活期账户之间无缝连接，提供一个无忧的解决方案，通过将那些看似微不足道的购买转化为显著的信用评分提升，将彻底改变信用建设市场。订阅者只需注册并使用我们的信用卡进行日常小额购物，其余的事情由BuildMyCreditScore处理：我们在几天后使用直接借记方式处理付款，每个月我们都会向信用机构报告购买和付款情况，以建立您的信用。为了推出BuildMyCreditScore，我们开发了一个新的、专有的风险引擎，它在客户注册期间捕获一系列数据，包括来自开放银行链接的交易，以评估他们是否有资格获得超短期债务。从来没有人以这种方式建立过一个建立信誉的模型，我们现在已经证实了这种工具的可行性。下一阶段的主要产出是确定我们是否可以通过将风险引擎Proteus提升到人工智能驱动的更高水平来取代它。只有这样，我们才能有一个可行的产品，我们可以在全国范围内提供，确保BuildMyCreditScore对那些最受益的人可用：财政困难或被排斥的个人和社区。这一创新的潜力怎么强调都不过分：信用评分不佳可能导致借款人在3年内为3000英镑的个人贷款额外支付2319英镑的利息（MoneyComms.co.）。英国,2022)。提高这个分数可以节省1253英镑。对社会上一些最贫穷的人的个人层面的影响是不言而喻的，特别是在这场生活成本危机期间，在宏观层面上，支付租金、水电费和食品账单的无担保债务的成本估计为每年39亿英镑（Joseph Rowntree Foundation, 2023）。

BuildMyCreditScore is the debit card that works with your bank to build your credit score through everyday spending, the world's first to combine Open Banking & ultra-short-term credit (24-48 hours) for credit building.We've leveraged Open Banking technology to enable a seamless connection between our debit card and existing current accounts, offering a hassle-free solution which will revolutionise the credit-building marketplace by transforming those seemingly insignificant purchases into significant credit score boosts.Subscribers just sign-up and use our card for small daily purchases, and BuildMyCreditScore handles the rest: we process payments a few days later using direct debit, and each month we report purchases and payments to credit agencies to build your credit.To launch BuildMyCreditScore, we've developed a new, proprietary risk-engine, which captures a range of data from customers during sign-up, including transactions from open banking links, to assess their eligibility for ultra-short term debt. No one has ever built a model for establishing creditworthiness in this way, and we've now confirmed the feasibility of such a tool.The primary output of this next phase is to establish if we can replace our risk engine, Proteus, by taking it to the next level of AI-driven sophistication. Only then will we have a viable product we can offer nationwide, ensuring BuildMyCreditScore is available to those it will benefit most: financially-challenged or excluded individuals and communities.The potential of this innovation cannot be overstated: a poor credit score could lead to borrowers paying an extra £2,319 in interest charges on a £3,000 personal loan over 3 years (MoneyComms.co.uk, 2022). Improving this to even a fair score could result in saving £1,253\.The impact on a personal level for some of society's poorest, particularly during this cost of living crisis, is self-evident, and on a macro-level the cost of servicing unsecured debts taken out to cover rent, utilities and food bills has been estimated at £3.9 billion per annum (Joseph Rowntree Foundation, 2023).